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Please answer all the questions with detailed explanation. Thank you. 2. (5 points) Use the following payoff matrix for a simultaneous move one shot game

Please answer all the questions with detailed explanation. Thank you.

2. (5 points) Use the following payoff matrix for a simultaneous move one shot game to answer the followin uestions Strate Player 1 c 6: 14 7: 11 20 25 19 17 (a) (b) (c) Does player 1 have a dominant strategy? If yes, what is it? If no: why not? Does player 2 have a dominant strategy? If yes: what is it? If no: why not? Does this game have a Nash equilibrium? Please explain.

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